DBS VICKERS SECURITIES ONLINE IS NOW FULLY-OWNED
BY DBS VICKERS SECURITIES

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DBS Vickers buys remaining 19.968% stake from The Toronto Dominion Bank

SINGAPORE, 27 September 2007 - DBS Vickers Securities Holdings Pte Ltd, a wholly-owned subsidiary of DBS Bank Ltd, announced today that it has purchased the remaining 19.968% stake in DBS Vickers Securities Online Holdings Pte Ltd (DBSVO) from The Toronto Dominion Bank (TD Bank) for a total cash consideration of about
SGD 6.5 million. With this purchase, DBSVO will now be fully - owned by DBS Vickers Securities Holdings Pte Ltd (DBSV).

This share purchase exercise is part of DBSV's effort to streamline operations and increase organisational efficiency. There is no material impact to the business and operations of the Vickers Group and the transaction is not material in the context of DBS Group's operations.

The now wholly-owned entity has business operations in Singapore and Hong Kong, allowing clients to trade online on six exchanges in Singapore, Hong Kong, US and Canadian markets. DBSVO will continue to provide the same product offerings and access to its online trading system via www.dbsvonline.com.

About DBS Vickers Securities Online

DBSVO offers self-directed investors with access to a broad range of global trading services through the Internet, investment service centre and customer centres at competitive commission rates. With real-time trading access to four markets and six exchanges, our clients benefit from the convenience of trading in global markets at a mouse click.

DBSVO also provides a state-of-the art analytical tool called DBSVOClarity^TM which simplifies the searching, analysis and comparing of global stocks using an extensive list of fundamental, technical and analyst consensus measures.

About DBS Vickers

DBS Vickers Securities ( Singapore ) Pte Ltd is a member of the Singapore Exchange and one of the country's leading securities houses.

DBS Vickers is the securities and derivatives arm of the DBS Group, one of the largest banking groups in Southeast Asia. DBS Vickers has full stockbroking licenses in Singapore, Hong Kong, Thailand and Indonesia, as well as sales offices in London and New York, and representative office in Shanghai.

DBS Vickers offers a broad range of services which include share placement and trading, derivatives, research, nominee and securities custodial services; and is an active player in the distribution of primary and secondary issues in the Singapore and regional capital markets.

More information about DBS Vickers can be obtained from www.dbsvickers.com.